After decades at the wheel of Berkshire Hathaway, the Warren Bafet He announced his retirement from the position of Managing Director at the end of 2025, ending at a time when he formed the world investment map.
The announcement by veteran investor Warren Buffett of his departure from the company’s “steering wheel” was held during the annual assembly, noting that he would hand over the reins to Vice President Greg Ebel, according to the BBC.
“I think it’s time for Greg to become the company’s chief executive at the end of the year,” 94 -year -old Buffett said.
The billionaire said at a meeting of his company yesterday in Omaha, Nebraska, that the only people who knew about his decision were his two children, Howard and Susi Buffet.
Warren Buffett, who built Berkshire Hathaway from a failed textiles in an investment giant value $ 1.16 billion (£ 870 billion)is undoubtedly the most successful investor in the world.
Greg Abel, who was sitting next to Warren Buffett, was apparently taken aback by the announcement.
After being applauded by the audience of about 40,000 people, he joked: “The excitement that this response showed could be interpreted in two ways.”
During the meeting, Warren Buffett added that he did not intend to sell any of Berkshire’s shares.
“I have no intention of selling a single Berkshire Hathaway share. It will be given, “he said, while the crowd was cheering, according to the BBC.
Berkshire Hathaway owns more than 60 companies, including Geico Insurance, Duracell Battery Manufacturing and the Dairy Queen restaurant chain.
It also has significant entries in Apple, Coca Cola, Bank of America and American Express, among others.
Warren Buffett, who has made billions to charities, was ranked last month by Bloomberg as the fourth richest man in the world, with a net worth $ 154 billion.
He won his first money as a six -year -old, bought his first shares in his 11 years and submitted his first tax return at 13.
Despite being one of the richest people in the world, Mr Buffett has been living in his own humble home in Omaha for more than 65 years.